sunbeamsinmasonjars:

ataxiwardance:

For the first time in years, there is good news for college students who borrow to pay for their education. Starting Wednesday, the federal Education Department will begin offering a repayment plan that lets graduates reduce their loan payments, based on their income.

…

The extended payment plan is intended to work with another program that forgives federal loans taken out by people working in public interest jobs. If borrowers make payments under the income-based plan, the balance on their loans is forgiven after 10 years.

relevant to my interests…

woooooo

Honestly, this is awesome. College students get the short end of the stick all of the time. In Chicago we don’t even get discounted train rides (outside of public transit when you are a full time student). Gladly anyone who is now going into college make sure you graduate so you can get your loan payments reduced so that half of your salary isn’t taken away.